Default
Students need to be educated about their student loans. Not only will this help the student in the future but also the school because if too many students have their loan in default, they could lose their financial aid rights.
Student loan default is such a huge problem because now days student who graduate can not find a job that pays enough to cover all of their living expenses plus the monthly fees for student loans. They simply do not make enough.
Absolutely the need to teach and ensure the student unstands their finances is crucial before even beginning school. As yes, the school itself may lose funding if it has a high default rate. On the other hand, if the initiative is taken at the beginning and at the end of the students time at the school, then the expectation is set so the student has no surprises or concerns since they will have already been addressed.
The opportunity to teach someone how to balance their finances to pay their loans back is very important. So many individuals are putting their loans aside for other things these days.
